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Tesla invests $1.5B in Bitcoin, expects to accept Crypto as payment in the future

Benzinga Real-time News ·  Feb 8, 2021 13:10

Bitcoin futures spiked higher Monday morning on news that electric vehicle maker Tesla Inc (NASDAQ:TSLA) invested in the cryptocurrency.

  • Tesla Invested $1.5B In Bitcoin In January, According To A 10k Filing; Expects To Begin Accepting Currency As Form Of Payment For Products In Near Future

  • Tesla Invest Portion Of Cash In Some Alternative Reserve Assets Including Digital Assets, Gold Bullion, Gold ETFs In Future

  • Tesla Says Increased Demand For Personal Electronics Has Created A 'Shortfall' Of Microchip Supply, Says Now Expects To Settle A Portion Of 2022 Notes In Q1 2021

  • Tesla Believes "Our Bitcoin Holdings Are High Liquid"

The price of bitcoin traded around $42,000 at publication time.

This is a developing story.

See Also: Could Tesla Be Planning Bitcoin As Treasury Reserve?

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